Gold holds steady as focus turns to Fed meeting

Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve’s two-day monetary policy meeting, when the central bank is widely expected to cut interest rates.

Spot gold firmed slightly, adding 0.43% to $1,504.3 an ounce.

Gold prices rose more than 1% early Monday before settling 0.6% up for the day after a weekend attack on oil facilities in Saudi Arabia inflamed worries over stability in the Middle East.

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